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. Notley's NDP ended the right-wing Progressive Conservative Party's 44-year hold on power in the Western Canadian province with a majority election win on Tuesday. The victory came despite NDP promises to increase corporate taxes and review how much the energy industry pays to exploit the province's massive oil reserves, the world's third largest. Still, Steve Laut warned that the new government risks pushing investment elsewhere if it increases its take from the industry too much. The oil and gas industry is a global industry, capital will flow to areas with the greatest return... There are many alternatives for global investment.